What!? A short sale program that requires the bank to respond within 10 days?! And… a potential closing between 60 and 120 days?! That really would be “short”! I’m talking about a program called HAFA – SO? Who qualifies? Someone who cannot afford their first mortgage Someone who applied for modifications and cannot be qualified […]
New Rules for Short Sales…again…for the Denver Real Estate Market
New HAFA Rules: Apply to Short Sales. The rules do not apply to loans that are backed by Freddie or Fannie ask the other agent before showing so you know if the rules apply to the house you are potentially looking at. Will allow borrowers (current sellers) to receive pre-approved short sales terms before listing […]